Shurooq and Bereisat invest $100M in robotics firm

Shorouk and Bresaite announced their investment of $100 million in Mavn Robotics, a company specializing in developing smart, multi-purpose industrial robots, with the aim of supporting its expansion in the industrial automation market. Founded in 2024 in California, the company designs and builds robots used in logistics and manufacturing services, characterized by high reliability and the ability to operate up to 16 hours a day. This investment aims to fund the third generation of robots and expand the company's global reach, as it seeks to address industrial labor shortages and achieve rapid growth through partnerships with high-tech investors both regionally and internationally.

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